(ii) Any operation of the Aircraft pursuant to any such Third Party Agreement
shall be limited to operation complying with (1) Part 135 and any other
applicable provision of the FARs, and all other Applicable Standards, and (2)
the provisions hereof and of the other Lease Documents pertinent to the
operation of the Aircraft (whether by Lessee or any permitted Interested Third
Party).



(iii) The related Third Party Agreement shall (A) be and remain, subject and
subordinate to the Lessor’s Interest in and with respect to the Aircraft and
any Collateral, and under the Lease Documents (and such subordination shall be
expressly acknowledged therein), (B) not convey any Lien on, or other property
interest in or against the Airframe, the Engines or any Collateral, except for
a Permitted Lien (but, without giving effect to clause (a) of the definition
of such term), (C) not permit any further disposition of or unpermitted Lien
against the Aircraft or any Collateral by any of the Interested Third Parties
thereto or any other Person, or any change in registration or unpermitted
change in hangaring of the Aircraft, (D) not contain provisions that are
inconsistent with the provisions of any of the Lease Documents or cause Lessee
to breach any of its representations, warranties or agreements under any of
the Lease Documents, (E) be in conformity with all requirements of the FARs
and other Applicable Laws, and (F) otherwise conform to any Operating Consent
required by Lessor with respect thereto.